Browse to learn how to gain internal control with your accounting policies and procedures. Discover how a quality management system can improve your company. Or see why updated documentation is crucial to performance and continuous process improvement. Here, you will find important topics that affect you and your business. We add a new articles frequently, so check back for the latest news and information. We gladly welcome your suggestions and feedback!
Are You Writing Policies and Procedures? - A weak starting point can hurt employee usability and introduce confusion and user-error. Do you know why else you should write new policies and procedures?
4 Trends That Will Shape HR In 2020 - Human Resources is an important part of every business. They handle a variety of tasks that range from recruiting and helping hire new employees, to ensure company policies are updated. However, the industry is changing, just like nearly every industry on the planet. In particular, there are some major trends that could shake up the HR space in the near future. From a greater focus on technology, to engaging employees, trends are sure to shape the future of HR in a big way. Without any further ado, let’s look at a couple of different trends that could play a huge […]
Pros and Cons of Bootstrapping Your Startup - Guerilla style bootstrapping is one of the most common paths aspiring entrepreneurs take. No matter what kind of business you’re in or whether you succeed or not: everyone respects those who put in the hustle. Bootstrapping is a romanticized idea. But, even though it can help you make it big, it also has its pitfalls. Here are the pros and cons of bootstrapping.
The Sales and Marketing Pipeline - How are sales and marketing connected, and how can you use them together to make your business successful? Learn more about the sales and marketing pipeline
What Is Your Business Return on Invested Capital? - Return on Invested Capital is used to determine the effectiveness of the cash invested in your business. Do you know how to determine this?
How to Manage Working Capital - Working capital is the money it takes to run your business. What areas should you actively manage in order to get the most from your working capital?
How to Gain Success with Leadership in Teams - Does your company express leadership in teams? Make sure the design of your measurement system is made for team success.
Do You Have a Business Performance Scoreboard? - Trying to comply with customer expectations, management objectives, government regulations, and/or industry standards can be expensive.
10 Ways Project Management Software Can Help Your Growing Business - To expand your ever-growing business on a large-scale requires scalability from all ends whether digital or analog. For project-based companies, growth means a revamp of their project planning and project management software as well because, without their use, project management becomes a lost cause beyond the bounds of possibility.
How to Use Financial Strategies for Business Success - With all the financial crises that go on, how can you make sure your company succeeds? One way is using financial strategies for business success.
How to Estimate Startup Costs - In a recent study, nearly 30 percent of business owners claimed their main motivation for starting a business was being their own boss. While being your own boss can be enjoyable, a lot of hard work will go into creating and managing a small business.
How to Identify and Improve Your Core Processes - How do you follow the money trail, and what will that mean for your business? Learn five steps to identify your core processes and any needs for change.
How to Find Capital Using Inventory Procedures - Accounting methods and accounting standards are typically defined within your accounting manual, which also defines your policies, procedures, and internal controls for Sarbanes Oxley and other compliance needs.
How to Build an Effective Management System - Building an Effective Management System can be broken into five phases. Learn how to build your own management system now with free sample downloads.
Why Is an Effective Internal Control System Crucial for Success? - Control systems that are designed only to achieve compliance are doing the bare minimum. How can you build an effective internal control system for success?
What Is ITIL Information Technology Infrastructure Library? - Pass the ITIL?? V3 foundation exam and you will get a free lapel pin.
How to Write Accounts Receivable Procedures - The accounts receivable procedures for collection process are critical to reducing days sales outstanding and generating more cash for your business.
6 Tips for Success of Your First Entrepreneurial Project - Why Six Tips for Success of Your First Entrepreneurial Project. The majority of people start a business within the industry they’re already well-familiar with. The problem, however, lies in the fact that this gives them a lot of false confidence when it comes to running a new business startup.
5 Ways Payment Speed and Efficiency Improve the Customer Onboarding Process - There are numerous crucial factors that can make or break your customer onboarding strategy, one of which is, of course, payment efficiency and effectiveness. Payment efficiency is not just about streamlining the payment process to reduce customer effort or improve customer satisfaction, it’s also about making sure that you get paid on time for your products or services in order to maintain productivity and preserve cash flow to resume normal operations on a daily basis.
Important Considerations for Novice Women Investors - As a woman, understanding how to invest is crucial for your future. Think about it – women tend to live longer than men. According to Scientific American, “Women outlive men by around five to seven years.” This means that by age 85, there are about six women to every four men. And yet, according to the Transamerica Center for Retirement Studies, over 45% of women aren’t too confident or aren’t confident at all when it comes to their retirement savings. Compare this to 35% of men who aren’t confident. It’s important to NOT be a Novice Women Investor.
How Policies Become Unenforceable - Everyone has to deal sooner or later with policies that are so poorly written, they're without meaning and validity; in short, they're unenforceable.
How to Take Control of the Sales and Marketing Cycle - Are you in control of your sales and marketing cycle? Learn how to improve your sales cycle efficiency and reduce marketing expenses.
How Maintaining Procedures Can Stall Company Growth - Without the high quality and consistency that procedures help ensure, you risk losing your hard-earned reputation...and your hard-won customers.
How to Find Improvement Opportunities - Once you've implemented lean thinking and a value stream map, what's the next step? Learn how to put it all together to select improvement opportunities.
How to Write a Procedures Manual - Keeping certain concepts in the forefront ?? like change and appropriateness of language, among others ?? helps you craft the sort of policies and procedures manual that meets or exceeds everyone's needs.
